KARACHI – Secure Logistics Group Limited (SLG-Trax), one of Pakistan’s leading logistics and e-commerce solutions providers, has announced plans to acquire Singapore-based Finova Technologies, a fintech company specialising in digital payments and lending software.
The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Friday. According to the company, the acquisition is subject to due diligence and regulatory approvals but has already received approval from SLG-Trax’s Board of Directors to proceed with good-faith negotiations.
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Strengthening Pakistan’s Fintech Landscape
The move comes shortly after SLG-Trax’s subsidiary LogiServe (Pvt) Ltd received a Non-Banking Financial Company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP) in August 2025. The license enables LogiServe to offer a range of digital financial services, including:
- COD-backed working capital loans
- Invoice discounting
- Merchant virtual accounts
- A digital payment gateway
By integrating Finova’s fintech platform, SLG-Trax aims to enhance digital lending and payment solutions for Pakistan’s fast-growing e-commerce sector.
Finova’s Proven Track Record
Since February 2025, Finova’s software has been piloted with select SLG-Trax retail clients, facilitating:
- 1.2 million shipments financed
- Rs17 billion in wallet payments
- Rs3.5 billion in lending throughput
If the deal closes, SLG-Trax will gain full ownership of Finova’s intellectual property suite and may assume operational control.
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Future Plans
SLG-Trax expects to formally launch its NBFC operations in Q4 2025, rolling out Finova’s fintech software across its network of 9,000 retail and 300 corporate e-commerce clients.
The company said the acquisition is part of a broader strategy to strengthen its merchant-centric financial ecosystem, offering:
- Digital payment portals
- Lending management systems
- AI-powered credit engines
Beyond Pakistan, SLG-Trax also plans to market Finova’s fintech solutions to international markets, positioning itself as a regional player in digital finance and logistics.
